Importing flooring

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Terms of payment? Guarantees on delivery? Terms of refunds/quality and/or quantity loss?
Very easy to 'burn your fingers' one way or the other - excuse the pun, think most what is on offer at those prices is worth nothing more than a good bonfire.
Don't jump on the band-wagon of wickes, B&Q and the likes with 1 container. You don't have the mass behind you these International companies have.
 
I get emails from companies offering me flooring from china (typical - we are looking for a Uk importer blah blah). They always remind me of the scam email normally sent from the African continent - we work for a major oil company and have excess funds which we need to get out of the country - give us your account details and we'll give you 25% for clearing the funds and the other one is the "you've won the lotto in so and so, give us your details so we can pay you the funds".
Good luck but research it completley before committing any funds and check that it meets the required european standards especially for emmissions (formaldyhyde levels, etc). I hope its genuine.
 
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Thanks for the advice pete, Having found the same company that supply wickes, I am now setting up a letter of credit, the payment of which will depend upon final shipment.

This will be drafted after visitng the company and ensuring that we get the same supply that wickes have.

cant be any clearer than that.
 
I'm in two minds here. I want to wish you good luck and hope you don't burn your fingers and in a way I do hope you burn your fingers. Reputable manufacturers and reputable wholesalers and reputable retailers have been working hard to get the image of quality flooring up. Now there is a growing market for wooden flooring it is been targeted by 'cheap offers' plenty of which are from unknown sources (plenty of deforestation going on in the East) and of disputable quality.

I'm honest, I protect my own business and the businesses of our manufacturers - one of which has its own FSC certified forest in South America.

But that's life ;) Some only see a quick buck and not the long term quality strategy of becoming a reputable reliable business which in the end brings more sustainable profit
 
I'm in two minds here. I want to wish you good luck and hope you don't burn your fingers and in a way I do hope you burn your fingers. Reputable manufacturers and reputable wholesalers and reputable retailers have been working hard to get the image of quality flooring up. Now there is a growing market for wooden flooring it is been targeted by 'cheap offers' plenty of which are from unknown sources (plenty of deforestation going on in the East) and of disputable quality.

I'm honest, I protect my own business and the businesses of our manufacturers - one of which has its own FSC certified forest in South America.

But that's life ;) Some only see a quick buck and not the long term quality strategy of becoming a reputable reliable business which in the end brings more sustainable profit


I see what your saying.

Its not a fast a buck i am after, its just a larger profit margin, that can only be acheived by selling quality products at market rates.

I have just seen a house fitted with laminate flooring, how can you gain a good reputation selling laminate, or vaneered MDF!! YUK!!
 
woodenfloorfitter";p="1314436 said:
Its not a fast a buck i am after, its just a larger profit margin, that can only be acheived by selling quality products at market rates.

!!

That dont make sence! your not after a fast buck, but your after a large profit margin? But the product your buying i.e wickes etc is a poor quality product sold in small length etc.


Maybe you would be better buying a better quality product in the first place ? You seem to be trying to buy the cheapest product you can. If you want to make money you need to supply a good product. If people want a cheap product they will buy it from wikes ect.
 
I am now setting up a letter of credit, the payment of which will depend upon final shipment.

This will be drafted after visitng the company and ensuring that we get the same supply that wickes have.

cant be any clearer than that.

I hope you understand exactly how LOCs work, if they submit to the bank at their end the documentation required by the LOC they will be paid (and yu cannot stop the payment - the bank at their end does not check that the documentation is truthfull.

Making it a Confrimed LOC gives you a little more control but not a lot as the documentation is checked at the UK end as well before payment but again they do not check the documentation is truthful. I bet Mattell had QA certificated for the toys with leaded paint - they just wern't truthfully issued.

I guess you are paying the LOC fees out of your profit margin.

Out of interest what shipping term does the LOC specify for the Bill of Lading - FOB?? And does it specify all copies of a "clean" BoL?

Good luck - you will need it.
 
Its not a fast a buck i am after, its just a larger profit margin, that can only be acheived by selling quality products at market rates.
Proper profit comes from two things:
supplying quality products for the price it is worth
providing long term commitment to your clients and suppliers

(Three: knowing what you are doing in all areas: purchase, quality, sales, marketing)
 
Naive

Profit comes from supplying a product (including any necessary support, financing and after sales service) at a price that is less than it's cost to you.

Lots of companies do all the above and still make a loss.
 
Naive

Profit comes from supplying a product (including any necessary support, financing and after sales service) at a price that is less than it's cost to you.

Lots of companies do all the above and still make a loss.
Yeap, mainly due to not keeping a sharp eye on cash flow. That's the most naive part - thinking you've got loads of money in the bank (due to sales) and forgetting your suppliers and fixed costs need paying.

Many small, medium and large businesses make that mistake - hence my third reason: knowing what you are doing at all levels.
 
Who would have thought that adding fish guts to beer would improve its clarity? I bet that person was ridiculed when someone first thought of that idea. Or the person who manufactured a glue that was so poor it actually had a use IE Post-it notes. What about deliberately infecting people with the very disease they want to avoid – “NUTS I tell ya, he’s mad” but look where that got us.
Whilst this isn’t even in the same league I think it is human nature to dismiss someone doing something slightly different and to want to stick to the established way of doing things. That’s why I always tell people to follow their ideas and not listen to the nay sayers.
Of course, by ignoring them you could be missing the big Elephant in the room. But at least you have the courage of your convictions to try something – which is more than 99.9% of people ever do.
 

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